Economic Development Strategies

Economic
development strategies are concerted approaches on the part of a city or county
to influence the direction of private sector investment toward opportunities
that can lead to sustained economic growth within or supportive of that
jurisdiction.

Sustained
economic growth can provide sufficient incomes for the local labor force,
profitable business opportunities for employers and tax revenues for
maintaining an infrastructure to support this continued growth. There are many
initiatives that you can support to encourage investments where the community
feels they are needed the most.

There
are three overarching strategy approaches used to enhance local economic
development. They are:

Business Retention and Expansion - enhancing existing
businesses

Business Attraction – luring in new businesses

Business Start-ups - encouraging the growth of new
businesses

A major tool to implement economic
development strategies is “redevelopment”.

A joint initiative of San Joaquin Valley Councils of Governments representing each of the region's eight counties, the San Joaquin Valley Air Pollution Control District, the Great Valley Center, and the Fresno State Community and Regional Planning Center